Stocks to Watch: Diamondback, Alnylam, and more...

RBC's Top Picks for Q2

Inside.com Part of   Network April 08, 2023

Hey Insiders,  Today we will be looking at the top 10 stocks RBC is recommending to its clients. These are all high-conviction stocks that RBC believes can be held through volatile times and will benefit from the macroeconomic trends in the market.  Onwards and Upwards,  Liam

Stock To Watch: Diamondback Energy, Inc. (FANG) The stock finished Q1 2023 at $135.17.  RBC has given the stock a Price Target of $182.  RBC projects that the stock will rise by 43.4% in the next 12 months.  Diamondback Energy Inc. has a P/E ratio of 5.9. The company has a dividend yield of 2.08%. The stock was up nearly 7% on Monday alone after OPEC+ announced it was reducing oil production starting in May.

Stock To Watch: Alnylam Pharmaceuticals, Inc. (ALNY) The stock finished Q1 2023 at $200.32.  RBC has given the stock a Price Target of $275.  RBC projects that the stock will rise by 37.3% in the next 12 months.  The company is not currently profitable.  It has a 52-week range of $117.58 - $242.97.

Stock To Watch: S&P Global, Inc. (SPGI) The stock finished Q1 2023 at $344.77.  RBC has given the stock a Price Target of $434.  RBC projects that the stock will rise by 26.9% in the next 12 months.  S&P Global Inc. has a P/E ratio of 32.83.

Stock To Watch: PG&E Corporation (PCG) The stock finished Q1 2023 at $16.17.  RBC has given the stock a Price Target of $20.  RBC projects that the stock will rise by 23.7% in the next 12 months.  PG&E Corporation has a P/E ratio of 19.56. The company has a 52-week range of $9.64 - $16.83.

Stock To Watch: CrowdStrike Holdings, Inc. (CRWD) The stock finished Q1 2023 at $137.26.  RBC has given the stock a Price Target of $160.  RBC projects that the stock will rise by 16.6% in the next 12 months.  The company is not currently profitable.  The company has a market capitalization of $30.1B.

Stock To Watch: HEICO Corporation (HEI) The stock finished Q1 2023 at $171.04.  RBC has given the stock a Price Target of $190.  RBC projects that the stock will rise by 11.2% in the next 12 months.

Stock To Watch: Mastercard Inc. (MA) The stock finished Q1 2023 at $363.41.  RBC has given the stock a Price Target of $392.  RBC projects that the stock will rise by 8.4% in the next 12 months.

Stock To Watch: Palo Alto Networks, Inc. (PANW) The stock finished Q1 2023 at $199.74.  RBC has given the stock a Price Target of $216.  RBC projects that the stock will rise by 8.1% in the next 12 months.

Stock To Watch: Meta Platforms, Inc. (META) The stock finished Q1 2023 at $211.94.  RBC has given the stock a Price Target of $225.  RBC projects that the stock will rise by 6.2% in the next 12 months.

Stock To Watch: Boston Scientific Corporation (BSX) The stock finished Q1 2023 at $50.03.  RBC has given the stock a Price Target of $53.  RBC projects that the stock will rise by 5.9% in the next 12 months.

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Liam Gill is a lawyer who raised $250k with just an idea and turned it into a $35M tech startup.  He now teaches entrepreneurs how to Pitch, Negotiate and Strategize so they can do the same.  Let's Connect Editor Christopher Hachey is an editor based in the New York City area. Reach out to him at chris@inside.com

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